Revolut was approved to establish the National Bank of the United States and plans to introduce a stabilization currency

Revolut announced that it had received conditional approval from the United States Monetary Supervisory Authority (OCC) for its establishment of the National Bank of the United States, which was scheduled to start in 2027 with an initial capital injection of $95 million, and plans to introduce a stabilization currency service. Revolut stated that OCC had approved its application on 3 September, which marked a step forward in its application process since March. The establishment of the bank is subject to the conditions of OCC and is approved by the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board. Revolut is expected to be operational in the first half of 2027, with some 160 planned。